Paul William Murphy, Broker with Calton & Associates, Facing Pending Customer Disputes Alleging Various Forms of Misconduct

INVESTORS: Calton & Associates broker Paul William Murphy was named in multiple customer disputes alleging unsuitability and breach of fiduciary duty.

Paul William Murphy (CRD: 2591547) is registered as a broker with Calton & Associates, where he’s been employed since 2015. Previously, Murphy was registered as a broker and investment adviser with Newport Coast Securities from 2008 until 2015. 

Murphy has six disclosures on his BrokerCheck report.

November 2021 Customer Dispute

Status: Pending

Allegations: Unsuitable Investments, Breach of Fiduciary Duty Dates are from April 2015 – October 2015

Damage Amount Requested: $132,122.44

November 2021 Customer Dispute

Status: Pending

Allegations: Unsuitable Investments, Breach of Fiduciary Duty. Dates range from 8/2014 – 6/2016

Damage Amount Requested: $457,173.69

October 2020 Customer Dispute

Status: Settled

Allegations: Suitability, Misrepresentation , Breach of Fiduciary Duty. Date range 2013 – 2020.

Damage Amount Requested: $50,000.00

Settlement Amount: $12,734.00

Broker Comment: The Broker Dealer chose to settle  this claim rather than spend the time and money that would have been required for extended litigation. I maintain that my actions were appropriate based on the investment objectives and sophistication of the client.

July 2017 Customer Dispute

Status: Settled

Allegations: Suitability

Settlement Amount: $20,699.00

Broker Comment: At the time the client made the trade was it was a suitable investment and the client understood the investment. The investment failed to continue to meets its objective and pay distributions so the client became unhappy.

September 2011 Customer Dispute

Status: Settled

Allegations: Alleged unsuitability

Damage Amount Requested: $70,000.00

Settlement Amount: $17,500.00

Broker Comment: Client was a well-educated, sophisticated investor that was suitable for the investments.

May 2010 Customer Dispute

Status: Settled

Allegations: Alleged unsuitability, alleged negligence, alleged fraud, alleged misrepresentation and alleged breach of fiduciary duty.

Damage Amount Requested: $124,800.00

Settlement Amount: $47,500.00

If you have any information about Paul William Murphy that you would like to share or discuss, please call our firm for a confidential consultation. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.